Answer to Question #60626 in Macroeconomics for Goh Maggie

2016-06-28T11:07:21-0400

Question #60626

The comparison of Gross Domestic Product (GDP)between India and Japan,and its reasons.15marks

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Expert's answer

2016-06-29T09:30:02-0400

The Gross Domestic Product (GDP) in India was worth 2066.90 billion US dollars in 2014. The GDP value of India represents 3.33 percent of the world economy. GDP in India averaged 550.27 USD Billion from 1970 until 2014, reaching an all time high of 2066.90 USD Billion in 2014 and a record low of 63.50 USD Billion in 1970. GDP in India is reported by the World Bank Group.The Gross Domestic Product (GDP) in Japan was worth 4601.46 billion US dollars in 2014. The GDP value of Japan represents 7.42 percent of the world economy. GDP in Japan averaged 2520.99 USD Billion from 1960 until 2014, reaching an all time high of 5954.48 USD Billion in 2012 and a record low of 44.31 USD Billion in 1960. GDP in Japan is reported by the World Bank Group.